1009 Madison St

Oakland, CA 94607

$2,250,000
Price
—
Beds
—
Baths
6,028 Sq. Ft.
$373 / Sq. Ft.
6,028
Sq. Ft.
$373
per Sq. Ft.

Description

Beautiful Italianate consisting of 8 units just blocks to Lake Merritt and downtown Oakland. This 3 story structure was originally built in 1870 and shares characteristics similar to many Bay Area grand residences of that period, flat roof with angled , overhanging eaves and cornices decorated with many brackets, 8’ tall narrow windows on the 1st floor, windows with decorative hoods, corners of the building that have quoins extending from the ground to the roof, ornate balconies that provide a distinct...Beautiful Italianate consisting of 8 units just blocks to Lake Merritt and downtown Oakland. This 3 story structure was originally built in 1870 and shares characteristics similar to many Bay Area grand residences of that period, flat roof with angled , overhanging eaves and cornices decorated with many brackets, 8’ tall narrow windows on the 1st floor, windows with decorative hoods, corners of the building that have quoins extending from the ground to the roof, ornate balconies that provide a distinct break in the horizontal line of the primarily rectangular design. Starting in 2002 the building went through major renovations to address existing California Building Codes. Due to the major renovations, the building has a Certificate of Exemption from the City of Oakland Rent Adjustment Ordinance which offers immediate upside potential. The property features a grand entry, high ceilings ranging from 11-13 feet. The property has 6 off-street parking spaces, a beautiful garden area for the residents to enjoy, a partial basement which offers great storage or a possible workshop. There’s a shared laundry room and a separate laundry area for an owners unit. Pride of ownership is evident throughout.
  1. Listed by Bruce Chambers • DRE #00776842 • Western Management Properties, Inc

Property Details for 1009 Madison Street

City
OAKLAND
Dist Neighborhood Subdiv
LAKE MERRITT
Building Type
Lowrise (1-3 Flrs)
Property Sub Type
Lowrise (1-3 Flrs)
Garage/Parking
Assigned Spaces, Other
Total # Parking Spaces
6
LISTING UPDATED: 12/19/2025 12:22 AM

Property Details for 1009 Madison Street

StatusActive
MLS #41119151
Days on Compass27
Taxes$27,635 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1870
Lot Size0.09 AC / 4,000 SF
CountyAlameda County

Location

Listing Courtesy of Western Management Properties, Inc, Bruce Chambers, DRE #00776842
Add your commute

Building Information for 1009 Madison Street

Stories-Residences8Year Built1870Building Size-Lot Size0.09 AC / 4,000 SF

Payment Calculator

$13,269 per month

30 year fixed, 6.15% Interest

Principal and Interest

$10,966

Property Taxes

$2,303

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1009 Madison Street

Features
Feature Details
  • Flooring: Laminate, Other, Partial Carpeting, Tile
  • Laundry: Common Room, Dryer, Washer
Room Details
  • Additional Rooms: Basement - Storage Area, Basement - Partial, Basement - Unfinished
Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Public, PublicSewer
Lot / Property Details
Property Details
  • Additional Equipment: Dryer, Fire Alarm, Fire Sprinkler System, Gas Water Heater, Intercom, Washer
  • City Transfer Tax: Yes
  • Exterior: Wood Frame, Wood Siding
  • Lot Description: Level, RectangularLot
  • Lot Sq Ft Apx: 4000
  • Lot Size Square Feet: 4000.0
  • Roof: Composition Shingles, Rolled Composition
  • Sq Ft Apx: 6028
  • Year Built: 1870
Location Details
  • Directions to Property: 10th Street to Madison
  • FIPS Code: 06001
  • Census Tract: 0
  • Parcel Number: 2-83-8
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Some Units Have: Oven Range Free Standing, Refrigerator, Updated Baths, Updated Kitchen
  • Units Total: 8
  • Basement: Partial, Separate Entry, Storage Area, Unfinished
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas, Parking
  • Total Deposits: $9,225
  • Financial Data Source: Owner, Projected
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, Maintenance/Repair, Management, Miscellaneous/Other, Property Tax/Assessments, Trash Removal, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Owner
  • Unit # 1 Dining Room: Yes
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 2
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Rent: 2000
Unit 2
  • Unit 2 # Units This Type?: 1
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Dining Room: Yes
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 0
  • Unit # 2 Rent: 1700
Unit 3
  • Unit 3 # Units This Type?: 3
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Dining Room: No
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 3
  • Unit # 3 Rent: 1995
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Dining Room: Yes
  • Unit # 4 Air Cond: No
  • Unit # 4 Fireplace: No
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 1
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Parking Spaces: 1
  • Unit # 4 Rent: 1845
Unit 5
  • Unit 5 # Units This Type?: 2
  • Unit # 5 Occupied By: Vacant
  • Unit # 5 Dining Room: No
  • Unit # 5 Air Cond: No
  • Unit # 5 Fireplace: No
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 1
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 1
  • Unit # 5 Rent: 1945
Building Details
  • Additional Features-Misc: Extra Storage, Garden, Wired For Cable TV
  • Apx Lot Acres: 0
  • On Site Parking Description: Other, Spaces - Assigned
  • Tot Ann Oper Exp: 54486.0
  • Total Deposits: 9225
Income / Expense Details
  • Annual Gross Sched Income: $188,860
  • Annual Insurance Expense: $5,491
  • Annual License Expense: $2,850
  • Annual Maint Expense: $2,883
  • Annual Mgmt Expense: $5,253
  • Annual Rent Income: $188,860
  • Annual Taxes: $27,635
  • Annual Util Expense: $5,802
  • Annual Vacancy: 6000.0
  • Gross Income: $182,860
  • Gross Operating Actual Income: $188,860
  • Gross Rent Multiplier: 11.78
  • Net Operating Income: $128,374
  • Other Annual Expense: $4,932
Other Financial Information
  • Cap Rate: 5.4
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1009 Madison Street

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Listed (Active)

MLSListings #EB41119151

$2,250,000—
Dec 12, 2025

Listed (Active)

EBRD #41119151

$2,250,000—
Nov 1, 2024

Expired

MLSListings #EB41050856

$2,500,000—
Nov 1, 2024

Expired

EBRD #41050856

—
Apr 25, 2024

Price Change

MLSListings #EB41050856

$2,500,000—
Apr 25, 2024

Price Change

EBRD #41050856

$2,500,000—
Feb 23, 2024

Listed (Active)

MLSListings #EB41050856

$2,750,000—
Feb 23, 2024

Listed (Active)

EBRD #41050856

$2,750,000—
DateEvent & SourcePrice
12/12/2025

Listed (Active)

MLSListings #EB41119151

$2,250,000
12/12/2025

Listed (Active)

EBRD #41119151

$2,250,000
11/01/2024

Expired

MLSListings #EB41050856

$2,500,000
11/01/2024

Expired

EBRD #41050856

—
04/25/2024

Price Change

MLSListings #EB41050856

$2,500,000
04/25/2024

Price Change

EBRD #41050856

$2,500,000
02/23/2024

Listed (Active)

MLSListings #EB41050856

$2,750,000
02/23/2024

Listed (Active)

EBRD #41050856

$2,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1009 Madison Street

Taxable ValueLand$337,507Additions$1,155,762Total$1,493,269
Tax Record2025$28,813 ($2,401 / month)
Home Facts
Total Finished SqFt6,028 SqFtAbove Grade Finished SqFt6,028 SqFtStories3Lot Size4,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1980CountyALAMEDAAPN2-83-8

Schools near 1009 Madison Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - K to 5
Westlake Middle School
Public - 6 to 8
Oakland Technical High School
Public - 9 to 12
American Indian Public Charter School II
Charter - K to 8
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

American Indian Public Charter School II
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1009 Madison Street, Oakland, CA 94607

1009 Madison Street is a multi-family home for sale in Oakland, CA 94607. This property was listed for sale on December 12, 2025 by Western Management Properties, Inc, it's currently listed at $2,250,000. This listing's school district is Oakland Unified School District. Nearby schools include Lincoln Elementary School, Westlake Middle School and Oakland Technical High School. 1009 Madison Street is a 0-bed, 0-bath, 6,028 sqft multi-family home built in 1870.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Western Management Properties, Inc, Bruce Chambers, DRE #00776842

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.